I Became Park Jeong-ui’s Nephew - Chapter 247



Only Krnovel

He became Park Jeong-ui’s nephew. – (247)

[VAT also exists in the US. When a naked woman advertises a hamburger and urges consumers to eat it, they buy it. And the company passes the advertising costs on to consumers.]

This is America,

A hot topic has emerged as a matter of public opinion.

Value-added tax is a system that has been adopted by 140 countries around the world, but the United States does not have any other taxes other than income tax.

In a way, this is the fundamental reason why the U.S. government is in debt. If a value-added tax is introduced, companies will have to pay taxes at every stage of the process from processing raw materials to production to sales.

The government will collect more taxes,

But will companies take this risk? The burden will be passed on to the sellers who ultimately consume the goods, and prices will inevitably continue to rise.

If we explain the process of making a bowl of Jjajangmyeon, how much would the cost of the raw materials such as flour, soybean paste, pork, and onions be?

Based on the 80s, it was worth at most a few tens of won.

However, through the process of making noodle dough with wheat flour and stir-frying meat, soybean paste, and onions, simple raw ingredients are transformed into Jjajangmyeon.

The role of a company is to increase the value of a product by using raw materials.

But what does the government do in the process? It’s the Chinese restaurant that processes the raw materials to make Jjajangmyeon, not the government.

Businesses are the ones that increase the value of goods, but are they going to charge taxes at every step of the process?

The moment value-added tax is introduced, companies must pay taxes at every stage of production, and the burden is passed on to consumers.

This is why the US government is always poor. There are no taxes other than income tax, so if they want to implement a policy, they have no choice but to borrow money.

But the question that arises here is, are the companies that make Jjajangmyeon from raw materials selling the product cheaply to consumers?

Anyone can make Jjajangmyeon if they have the ingredients, but that’s not the case with cars and home appliances that are produced in factories.

Even if the raw materials cost 10,000 won, it is up to the company whether it sells them for 1 million won or 10 million won. Ultimately, in the US, where there is no value-added tax, companies with exclusive technology are bound to make huge profits.

So, are companies properly redistributing that to society?

Consumers always buy things at high prices, and whether or not value-added tax is introduced, the final consumer bears the entire burden.

The issue raised this time is the same,

When a company runs a provocative ad with a naked woman holding a hamburger between her legs, who pays for the ad?

A company? That can’t be.

It’s all the consumer’s fault, which is why American companies don’t mind spending millions of dollars on a mere 93 seconds of advertising.

The mindset that if consumers bite, that’s it.

So prices in the US keep rising and ordinary people can’t afford it.

A company that has the technology to make a ten-thousand won product with one hundred won of raw materials is doomed to lose to consumers from the start.

So, if the government introduces value-added tax, will the problem be solved?

Corporations simply pass the burden on to the public.

In the end, for society to function properly, companies must create added value to maintain reasonable prices, but isn’t the world in this state because that’s not happening?

In the meantime, prices in the United States are skyrocketing, ordinary people are becoming poorer, but businessmen are becoming richer than before.

So is there no one who can save America from this situation?

Surprisingly, it wasn’t American.

[Daehan Transportation, Texas area prices corrected.]

[Inflation rate stabilizing at 2%]

[Business Management That Doesn’t Put a Hamburger Between Your Legs]

Daehan Transportation had $8 billion in sales in the United States this year.

That’s five times the number from 20 years ago, and companies with sales of more than $1 billion in the U.S. also spend a ton on advertising.

However, Daehan Transportation maintains its added value without spending a single penny on advertising.

By using the technology to turn 100 won coins into 10,000 won coins, they are not only filling their own stomachs, but are also leading the three-horse carriage of price stability, infrastructure expansion, and wage increases.

Daehan Transportation’s sales in Texas this year were approximately $3 billion.

Of that, the net income is about $2 billion, and about $900 million is tax,

Of the remaining $1.1 billion, $300 million was earmarked for infrastructure maintenance and expansion, and $80 million for raising worker wages.

Even so, net income was over $700 million, and the company made a lot of money, while prices were controlled and state finances were stable.

If they can do this, why do other companies only lead price increases and do nothing to contribute to society?

Did they think about correcting prices? Did they raise wages?

The competitiveness of American companies has been destroyed by repeated commercials showing hamburgers between women’s legs.

Why are Korean companies so successful in the United States?

Are you really saying this because you don’t know?

American companies are emphasizing their sense of crisis, saying that if things continue like this, Korea could be occupied by the United States, but it is they who are actually pushing the United States into crisis.

Americans are starting to realize that now, too.

Anyone can increase the added value by raising the price of an item from $3 to $4 with advertising.

What consumers want is to buy cheap and good quality products, and what companies have to do is to honestly increase added value.

Daehan Transportation has come this far because it has kept to its principles.

The confidence of Texans in the transportation system is absolute, and haven’t they seen with their own eyes how Texas has changed over the past seven years?

Although it is a Korean company, it is actually treated as a local company.

They didn’t even pay attention whether American companies put out bad ads or not.

***

“If we continue like this, Korea will lose our country.”

“We need to control Korean companies now. Or at least adjust the exchange rate…”

“What does the exchange rate mean? Korean companies are already doing business in the United States, so adjusting the exchange rate means nothing.”

This is America,

Presidential candidate George Herbert Bush was hounded by his inner circle.

When I came to my senses, I realized that Daehan Transportation, which was leading the American economy, was under the control of not only Texas but also New York.

The problem is that the U.S. government has no cards to turn this table around. If the industrial structure is reorganized around U.S. companies, how much will prices soar?

Even if we take the minimum standard, the result is a terrible one, jumping more than 7% from the current level.

This means that the ability of American companies to create added value is limited. Can the George W. Bush administration, which just came to power, handle this nightmare?

In addition, Korean companies do business in the United States and pay taxes to U.S. states, so imposing sanctions on Daehan Transportation would result in a $600 million drop in Texas’ revenue.

New York also saw a sharp decline of more than $700 million, and this is based on one year, so in the long term, a loss of more than $20 billion is inevitable.

From the moment the Reagan administration repealed the Foreign Investment Prohibition Act, the United States was in the same boat as Korea, and there was only one way for American companies to survive.

Wouldn’t it be better if Korean companies properly create added value and maintain reasonable prices?

However, they only heighten the sense of crisis and encourage the ‘Korean conquest of America’ theory.

In short, it is useless even from the government’s standpoint.

George Herbert Bush dismissed the businessmen’s complaints,

He threatened to accept VAT if they wanted to survive.

“American companies have been making too many profits. They’ve been making $300 products with $100 and putting a $1,000 price tag on them. Isn’t that why prices in the U.S. have been rising so sharply in recent years?

Americans are no longer stupid. It is no coincidence that they are interested in cheap and price-stable Korean products. If American companies really care about America, they should accept the value-added tax. That is all I have to say.”

The presidential candidate’s remarks divided American society.

One side criticizes George W. Bush as a puppet of Korea, while the other side defends him, saying he was right.

First of all, Texas and New York, where the influence of the Korean Transport Corporation was strong, supported George W. Bush.

Neighboring states are following suit, with many states in the U.S. not paying sales tax on goods purchased in other states.

It’s much cheaper to buy things in Texas or New York, so why bother buying things in my own town?

Residents from other areas also came here to shop, and Daehan Transportation, sensing the demand, started a delivery service to distant areas.

It’s possible, since we’ve invested $300 million in infrastructure every year. Since it’s already come to this, why don’t we just give the monopoly to Daehan Transportation?

And it’s no secret that Daehan Transportation pays $1.6 billion in taxes to the United States every year.

There are also a million American workers working under them, so the media play that Korean companies are eating up America is no longer working.

Companies that lose their competitiveness will be shunned by consumers, and as a result, candidate George W. Bush maintained a 58% approval rating despite showing a pro-Korea stance.

As a result, American companies are gradually reducing the number of cases of putting a $1,000 price tag on a $300 item, instead of focusing on restructuring in order to survive.

“If only it weren’t for you!!”

“It’s all that guy Park Sang-geun’s fault!!”

Many American businessmen hated their Korean counterparts.

If it weren’t for that guy, the company would have been able to inflate its added value and make more money, but since that didn’t happen, they’re venting their anger.

But since the opponent was the opponent, I didn’t dare to attack.

The opponent is more powerful than the US President, and this is no exaggeration.

He has an estimated personal fortune of $32 billion, 8.8 million workers earning a living under his belt, and even has a private army.

The Korean government recently privatized part of the Air Force. Who do you think owns it?

When government revenue alone could not cover the operating expenses of the Air Force, the Korean government transferred the operating authority of the Air Force to Korea Transport, and the command authority remains with the head of state.

The country’s military has become privatized,

He also enjoys the position of Commander-in-Chief of the AOPR, so he is not someone that ordinary businessmen would dare to harbor a grudge against.

If they declare war, they will be the ones who will be eaten.

When they realized that their opponent was not a winnable enemy, they all gave up.

***

“Sir, this time an American company came in at a low price. Should we acquire it?”

“Well… is this a company worth acquiring?”

The same routine that repeats itself today,

I met face to face with the officials of Daehan Transportation.

While American companies were pushing up prices by putting out strange advertisements, I was steadily building up my substance and taking over the American market.

It’s been a struggle for 10 years, but the results are coming out, and if the current momentum continues, they will be able to control more than half of the US distribution within the next 10 years.

If I could just complete this task, I could seize the world in my hands. Even in the midst of all this, the voices of the villains stimulated my desire.

“Your Majesty, I have something to tell you.”

“What is that?”

“How about sacrificing a little bit of added value and raising prices? If you do that, corporate profits will increase by 7%. Investors will be happy too.”

“Are you talking about the shareholders again? Stop it, it’s not worth listening to.”

Those who recently invested in Daehan Transportation are clamoring for prices to rise.

That’s because it’s in their own interest to do so, but I’m a person who has come this far solely on the will of the people, and I have no intention of changing the management rules I’ve followed so far.

Are you going to lose the hearts and minds of the American people just to make a few bucks?

Because of such small-minded people, the value of the company is falling, and if you are so dissatisfied, they maintain an overbearing attitude, telling you to sell your stock and get out.

In fact, there are plenty of people willing to invest in Korean shipping even without them.

He pressed on with authority without any compromise.